Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is falling. Possibly, the price may reach 1.1726. An alternative scenario suggests that the instrument may grow towards 1.1802. Later, in our opinion, the market may continue falling inside the downtrend. The target is at 1.1650.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is moving downwards and forming the third wave with the target at 1.3279. After that, the instrument may grow towards 1.3398 (at least) and then resume falling to reach 1.3249.
USD CHF, “US Dollar vs Swiss Franc”
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The USD/CHF pair is trading above 0.9882 and may continue growing inside the uptrend. The target of this ascending wave is at 1.0028. Later, in our opinion, the market may start another consolidation range and then continue moving upwards to reach 1.0100.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is consolidating at the top of the ascending structure, which may be considered as a continuation pattern. Possibly, the price may form the third wave with the target at 114.74.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating near the lows. We think, today the price may grow towards 0.7554 and then continue falling to reach 0.7470.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating above 59.09. Possibly, today the price may fall towards 58.85 and then grow to reach 59.86. Taking into account that the oil prices went up significantly, the instrument may strengthen up to 57.90 and then continue falling inside the downtrend to reach 56.55.
XAU USD, “Gold vs US Dollar”
Gold has expanded the consolidation range downwards. We think, today the price may fall to reach 1238 and then grow towards 1243. After that, the instrument may reach new lows and then continue falling inside the downtrend with the target at 1220.
BRENT
Brent has broken its consolidation range upwards and right now is still growing to reach the local target at 65.75. Later, in our opinion, the market may return to 64.50 and then start forming another ascending structure with the target at 66.20.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
